Additionally, according to the Bureau of Labor Statistics, 20% of all families in the United States do not have a single member that is employed. 62% of all Americans make $20 or less an hour at this point. The number of Americans receiving benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.

Nominal wage growth is also inexistent:

And no, the difference between unemployment and the decline of labour participation is not explained just by “demographics” and retirements… at all: